Foot Locker, Inc. (NYSE:FL)‘s stock had its “neutral” rating reissued by stock analysts at FBR & Co in a research note issued to investors on Tuesday. They currently have a $58.00 price objective on the athletic footwear retailer’s stock, down from their previous price objective of $66.00. FBR & Co’s target price would suggest a potential upside of 21.59% from the stock’s previous close.

Other analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and set a $79.00 price objective on shares of Foot Locker in a report on Wednesday, April 26th. Jefferies Group LLC set a $80.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Canaccord Genuity set a $75.00 price objective on shares of Foot Locker and gave the stock a “buy” rating in a report on Saturday, May 20th. Piper Jaffray Companies set a $60.00 price objective on shares of Foot Locker and gave the stock a “hold” rating in a report on Saturday, May 20th. Finally, Zacks Investment Research raised shares of Foot Locker from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $72.17.

Shares of Foot Locker (NYSE FL) opened at 47.70 on Tuesday. Foot Locker has a 1-year low of $44.59 and a 1-year high of $79.43. The company has a market capitalization of $6.26 billion, a PE ratio of 9.79 and a beta of 0.68. The firm’s 50-day moving average price is $48.33 and its 200 day moving average price is $63.50.

Foot Locker (NYSE:FL) last announced its quarterly earnings results on Thursday, August 17th. The athletic footwear retailer reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.28. Foot Locker had a net margin of 8.39% and a return on equity of 23.87%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts predict that Foot Locker will post $5.07 EPS for the current fiscal year.

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In related news, Director Jarobin Gilbert, Jr. sold 5,600 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $59.40, for a total transaction of $332,640.00. Following the completion of the transaction, the director now directly owns 8,964 shares of the company’s stock, valued at $532,461.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC raised its position in Foot Locker by 18.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,360 shares of the athletic footwear retailer’s stock valued at $104,000 after buying an additional 213 shares during the period. D.A. Davidson & CO. raised its position in Foot Locker by 50.3% in the second quarter. D.A. Davidson & CO. now owns 2,133 shares of the athletic footwear retailer’s stock valued at $105,000 after buying an additional 714 shares during the period. Acrospire Investment Management LLC raised its position in Foot Locker by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 1,500 shares of the athletic footwear retailer’s stock valued at $112,000 after buying an additional 500 shares during the period. Penserra Capital Management LLC raised its position in Foot Locker by 13.0% in the second quarter. Penserra Capital Management LLC now owns 3,016 shares of the athletic footwear retailer’s stock valued at $148,000 after buying an additional 348 shares during the period. Finally, Van ECK Associates Corp raised its position in Foot Locker by 5.6% in the first quarter. Van ECK Associates Corp now owns 2,047 shares of the athletic footwear retailer’s stock valued at $153,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 93.49% of the company’s stock.

About Foot Locker

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

Analyst Recommendations for Foot Locker (NYSE:FL)

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